But with respect to the agreements themselves, there are actually legal provisions within those commercial arrangements that dictate the time frames and that termination notice needed to be sent out when it was sent out.
Earlier this month, Premier Blaine Higgs announced his government would be pulling out of tax-sharing agreements with 13 Mi kmaq and Wolastoqey First Nations.
In place since 1994, those agreements fuelled economic growth in some Indigenous communities by allowing First Nations to keep 95 per cent of on-reserve gas tax revenue up to $8 million and 70 per cent of amounts beyond that.
The Grey Rock Power Centre in Madawaska is one of several First Nation truck stops in New Brunswick covered by tax sharing agreements with the province.(Julia Wright / CBC)
Posted: Apr 13, 2021 11:43 AM AT | Last Updated: April 13
Premier Blaine Higgs has called on First Nations chiefs to negotiate a modern and sustainable economic partnership. (Submitted by the Government of New Brunswick)
The New Brunswick government is pulling out of tax-sharing agreements with 13 Mi kmaq and Wolastoqey First Nations, invoking its right to terminate some of the deals as early as this July.
Those agreements, which date back to 1994 and were last renewed in 2017, have fuelled economic growth in some Indigenous communities, particularly those that have built large gas retailers on reserve land.
The deals allow the First Nations to keep 95 per cent of on-reserve gas tax revenue up to $8 million and 70 per cent of amounts beyond that.